SAN DIEGO, Jan. 10, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors by Olaplex Holdings, Inc. OLPX. The Class Action is being brought on behalf of shareholders who acquired shares of Olaplex common stock pursuant to and/or attributable to the Company’s initial public offering on or about September 30, 2021 (the “IPO” or the “Offering”). Investors are hereby notified that they have until January 17, 2023 to petition the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistula.com) via email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/olaplex-holdings-inc

There are no costs or obligations for you.

The Complaint alleges that the offering documents were negligently prepared and as a result contained untrue statements about material facts or failed to state other facts necessary for the statements made not to be misleading and that they were not in accordance with the rules and regulations created for their creation. In particular, the offering documents contained false and/or misleading statements and/or failed to disclose the following: (i) macroeconomic pressures and competition in the hair care market were more robust than the Company had represented to investors; (ii) accordingly, the company was unlikely to maintain its sales and earnings momentum; and (iii) as a result, it was unlikely that the Company would be able to achieve the financial and operational growth projected in the Offer Documents; and (iv) as a result, the Offering Documents were materially false and/or misleading and did not contain any information required to be disclosed therein.

A Lead Plaintiff acts on behalf of all other Group Members in…